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Friday March 1st, 2024
Economy

Sri Lanka coconut auction prices up 3.7-pct

Average prices up 5.6-pct over three weeks

December 4, 2022 1 min read

After crisis, Sri Lanka president moots 'regional educational hub' idea to preserve forex

Sri Lanka can be a regional hub for education, let us make up our mind, President says.

December 2, 2022 2 min read

Sri Lanka welcomes 59,000 tourists in November

The November number is the highest since April 2022.

December 2, 2022 2 min read

Sri Lanka debt restructuring: opposition MP warns of "China go home" protests

"They have forced  investments down this country thanks to the Rajapaksa family."

December 2, 2022 5 min read
Fifteen Sri Lanka money changes lose licenses

Says breached a license condition in 2022

Sri Lanka's banks must pass on DDR benefits to consumers: opposition

“If banks don’t bring down interest rates, the central bank must intervene. They can’t earn profits unfairly,” h...

Sri Lanka central bank complied with govt directions as allowed by law: Deputy Governor

Sri Lanka's central bank had complied with government directions as permitted by available monetary law, central bank of...

July 10, 2020 5 min read

Sri Lanka forex reserves recover to US$6.7bn in June: Central Bank

Sri Lanka's forex reserves have recovered to 6.7 billion US dollars in June from 6.49 billion US dollars in May helped w...

July 9, 2020 2 min read

Sri Lanka GDP to contract in 2Q 2020, but recover in second half: CB

Sri Lanka is expecting a contraction of gross domestic product in the second half of 2020 and a 1.5 percent GDP growth f...

July 9, 2020 1 min read

More relief for electricity consumers struggling to pay inflated bills caused by the COVID lockdown

The Cabinet of Ministers at their weekly meeting today considered a number of concessions for consumers proposed by Powe...

July 9, 2020 2 min read

Sri Lanka slashes policy rates 100bp amid Coronavirus slowdown

Sri Lanka has slashed policy rate 100 basis points bringing the rate at which money is injected to the banking system at...

July 9, 2020 7 min read

Sri Lanka strong export recovery in June to US$950mn: Basil

Sri Lanka exports has rebounded to 950 million US dollars in June after falling to 250 million US dollars in April 2020,...

July 9, 2020 1 min read

Japan gives Sri Lanka Rs1.3bn of advanced medical equipment for Coronavirus battle

Japan is giving a grant of 800 million yen (1,360 million rupees) of high tech medical equipment to Sri Lanka's health s...

July 8, 2020 1 min read

Sri Lanka says strong interest in US$500mn term loan

Sri Lanka has seen a strong interest from investment banks for proposals to raise 500 million US dollars through a term ...

July 8, 2020 1 min read

Bandula reassures Senior Citizens that their interest rates will not fall as special Seniors' deposi...

The government has not done any changes to the interest rates in senior citizen’s accounts, Minister Bandula Gunawarde...

July 7, 2020 2 min read

Government’s debts have ballooned by Rs. 1,000 bn in first four months of the year - Harsha

Former MP Harsha de Silva is saying that the government’s debt had increased by Rs 1000 bn within the first four month...

July 7, 2020 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 315.2986 315.7299
UK Pound 401.0482 401.9914
Euro 343.3195 344.3762
Aus Dollar 207.9088 208.3224
Yen 2.1051 2.1083
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka withdraws some excess liquidity

Sri Lanka's central bank has reduced some of the excess liquidity in money markets that helped trigger a currency fall, ...

July 7, 2020 2 min read

Sri Lanka says making progress with IMF program, budget support

Sri Lanka is making progress with a program with the International Monetary Fund with other lenders also joining in with...

July 7, 2020 2 min read

Sri Lanka seeking billion dollar repo from New York Fed

Sri Lanka is seeking a billion US dollar repo from the New York Federal Reserve to boost dollar liquidity, Treasury Secr...

July 6, 2020 2 min read
1

Sri Lanka tax revenues drop 26-pct by April 2020 budget, Rs200bn printed

Sri Lanka's tax revenues dropped 26 percent to 408.5 billion rupees up to April 2020 and the finance ministry has halve...

July 6, 2020 1 min read

Sri Lanka President instructs farmers to grow more grains after controlling imports

Sri Lanka's President Gotabaya Rajapaksa had instructed farmers to grow more grains saying imports have been controlled...

July 4, 2020 1 min read

Do not recommend Sri Lanka signing MCC in its current state: review committee chair

Sri Lanka must not sign the Millennium Challenge Corporation (MCC) compact in its current state without major revisions ...

July 3, 2020 5 min read

Sri Lanka rupee firmer, stocks fall at open

Sri Lanka rupee opens firmer at 185.90/186.00 to US dollar in the spot market on Friday while bond yields were flat and ...

July 3, 2020 2 min read

Sri Lanka downgraded to World Bank lower middle income country as per capita income falls

Sri Lanka has been re-classified as a lower middle income country by the World Bank as per capita income dropped amid re...

July 3, 2020 4 min read

Sri Lanka boots out foreign contractors building 76km Highway and hands over job to locals

The Cabinet has decided to revoke all the agreements signed with foreign contractors relating to the construction of the...

July 2, 2020 2 min read
1

Government asks electricity consumers to pay their bills, relief measures will follow

The government is asking electricity consumers to pay their bills in full for now until a proper method for relief is fo...

Imesh Ranasinghe
July 2, 2020 2 min read